U-Haul (NASDAQ:UHAL) Sees Large Volume Increase

U-Haul Holding (NASDAQ:UHAL) shares saw unusually-high trading volume on Tuesday . Approximately 222,457 shares changed hands during mid-day trading, an increase of 137% from the previous session’s volume of 94,009 shares.The stock last traded at $63.91 and had previously closed at $64.90.

Analysts Set New Price Targets

Separately, StockNews.com lowered U-Haul from a “hold” rating to a “sell” rating in a research note on Saturday, February 24th.

U-Haul Stock Down 2.5 %

The company has a debt-to-equity ratio of 0.89, a current ratio of 3.29 and a quick ratio of 3.07. The company has a market capitalization of $12.41 billion, a PE ratio of 19.46 and a beta of 1.07. The business’s 50 day simple moving average is $65.50 and its 200 day simple moving average is $62.58.

U-Haul (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.36). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. U-Haul had a net margin of 11.67% and a return on equity of 9.52%. As a group, analysts anticipate that U-Haul Holding will post 3.2 earnings per share for the current fiscal year.

Insider Activity at U-Haul

In other news, Director John P. Brogan sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $64.32, for a total value of $192,960.00. Following the transaction, the director now directly owns 43,987 shares in the company, valued at approximately $2,829,243.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 50.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Intellectus Partners LLC lifted its stake in U-Haul by 7.3% during the 3rd quarter. Intellectus Partners LLC now owns 4,786 shares of the transportation company’s stock worth $261,000 after acquiring an additional 326 shares in the last quarter. Redmont Wealth Advisors LLC boosted its stake in shares of U-Haul by 5.0% in the third quarter. Redmont Wealth Advisors LLC now owns 8,151 shares of the transportation company’s stock valued at $445,000 after purchasing an additional 391 shares during the period. MGO One Seven LLC grew its holdings in shares of U-Haul by 3.1% in the third quarter. MGO One Seven LLC now owns 13,082 shares of the transportation company’s stock valued at $714,000 after purchasing an additional 395 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its stake in shares of U-Haul by 6.9% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 9,002 shares of the transportation company’s stock worth $646,000 after acquiring an additional 581 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in U-Haul by 15.9% in the third quarter. HighTower Advisors LLC now owns 6,515 shares of the transportation company’s stock valued at $359,000 after purchasing an additional 895 shares during the period. 3.63% of the stock is currently owned by institutional investors and hedge funds.

U-Haul Company Profile

U-Haul Holding Company operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.